Shui Fabrics: A Critical Analysis of a Global Problem Introduction Case analyses are a way to analyze different types of problems or issues a company has over a period of time.
They focus on issues such as changes that supervisors and managers are forced to deal with. These changes can vary such as a company’s business strategy or the overall completive industry. Case analyses are valuable tools for several reasons. They are able to give an example and provide a scenario of problems that would not be available if not for that analysis.
They also go hand and hand with what has been learned in the classroom as well as outside the class.It can cause students to practice their management skills as well as relate and analyze the problems. Developing analytical and judgmental skills are key in any case study. The purpose is to understand, develop, and effectively manage. From this case study and this chapter I hope to learn how to effectively manage teams on a global level.
I also hope to gain insight on things that I can do in order to make my communication and my tactics toward other cultures effective. PROBLEM A major problem for Shui Fabrics is that the ROI over the past three years has not increased from 5%.Paul, the president of the company believes that there should have been at least a 20% growth within those years (Daft, pg 119). As discussed in the class discussion this week a business’s main focus cannot be ultimately based on profitability alone. A company must first value its employees and then profits. Shui fabrics, a very successful company struggled with this concept.
Their main problem was that they began to lose sight of what was important. The company was thriving within the United States, but it was costing the company more money to operate within the states than in china.In china the amount that a company has to pay its employees is a fraction of what a company must pay its employees here in America.
Where the Chinese have no labor laws, America has laws that protect its citizens from unfair wages. Each person on the face of this earth is unique and different. I have often heard the phrase is the glass half empty or half full. An optimist would say that the glass is half full. This generally means that their outlook on life is a positive one. A pessimist would consider the glass to be half empty. This type of person normally has a negative outlook on life.Depending on one’s outlook can determine how they see and handle problematic situations.
An optimist would view a problem, analyze it, and try to develop a positive outcome. A pessimist would negatively view the problem, analyze it, and develop a negative conclusion. Analyzing problems are based on the outlook of the individual. ANALIYSIS The first step in being a successful manager on a global level is that you must first understand the people in which you are managing. As you travel around the world cultures, religions, and financial statuses change for many people.
In some countries they values these concepts in different ways. The GLOBE concept for instance talks about how gender differentiation is of high importance in china it is of low importance in Sweden. By understanding what things are important to each culture allows you to be able to connect and effectively manage. Shui fabrics are 50-50 part American and Chinese.
This is currently one of the most direct investment strategies. In order to increase the ROI the sales must drastically increase in both the US and China. Another way that the ROI can improve is by decreasing the cost of the merchandise.Also adding new technology within the plants could be helpful, but I will require investors and will only fix the fixed cost and not the variable. Providing training for the workers could increase the profits of the company due to the increase in the proficiency of the employees (Daft, pg 119). INTERGRATION Gaining an understanding of how others view management in other countries is very enlightening, Understanding the cultural differences are extremely important especially when it involves approaching people from different cultures.Many people often do the same things, but just in a different way.
By taking the global management potential assessment I realized what type of manager I am and alos what type of manager I would like to become. My score was below 60 which means that I need to do some serious work in developing my skills in global management. I am unable to speak a second language, I don’t travel to different countries, and my knowledge of other countries is low. In order to improve my management skill I must become open to change (Daft, pg 109). I am learning to adapt and be flexible in new situations.
I hope to improve my cultural intelligence so that whenever I speak to someone that may not look, talk, or believe in the same things that I believe in I will be able to appropriately handle the situation. As a manager I am trying to release the ethnocentrism that is within me (Daft, pg 109). On my job I sometimes have to stop and remind myself that my way is not always the right way.
This also goes with global management. As Americans we often believe that we are superior to others and that things will go our way. In order for me to be a successful manager I must learn to be open and willing to listen and consider other cultures opinions.CONCLUSION The insight that was gained from taking the global management potential quiz has opened my eyes and forced me to realize what area I fall in.
I have also developed ways to improve this gap in my management for example I do not know the basic knowledge about other countries. I would like to learn a little about several countries so that I can be more informed about the culture that surrounds me. I also am planning to focus more on my global intelligence. Being flexible and adaptive to other cultures is key in successful management. Ethnocentrism is something that I am trying to delete out of my mentality.I would like to equally and fairly give others a chance.
This characteristic makes it difficult for cultures to thrive in other countries and it strains relationships (Daft, pg 109). This assignment has helped me to better understand my management skills and the challenges that are involved in improving them. Managing in a global environment is difficult and it take hard work to work beyond language barriers, customs, cultures, and religions, but by doing this it not only develops ones management skills but it develops them intellectually.
REFRENCES Daft, L. (2012). Management 10 ed. Mason, Ohio: South-Western-Cengagae-Learning